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20121226
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by this member of congress. thank you so much for your years of service. >> thank you, mr. ambassador for being here today. we both have been meeting in which senior officials of the state department clearly conspired to make sure the word terrorism was blotted out from the american lexicon, at least through the election? >> congressman, there's no such meeting. >> listening to my colleges now i thought there must have been such a meeting. no? search of the year at the meeting were ambassador brenner was directly told yet to stop talking about terrorism. were you at that meeting? >> congressman, all i can say to you is this administration commodious government throughout my years of service has been deeply concerned about the challenge. >> mr. ambassador, not denial. we are such a meeting or not? >> as i said, no such meeting. >> no, sir, i was not. >> one of the must of been at a meeting in which secretary clinton, the president and investor the united nations, ms. rice, ambassador raised conspired to get susan rice on the sunday television shows and lie about the tragedy of benghazi. were you
tonight, a mountain of new regulations coming our way next year thanks to congress. we'll break it down. president obama promised to end crony capitalism. how is he doing? we'll have a report card. gerri: brace yourselves for a tsunami of new regulations on the way. a study finds new regulation still under review by the obama administration could cost $106 billion before the end of the year. the biggest culprits? the epa and the energy department. here to explain the director of regulation policy for the american action forum. sam, welcome. i want to start with this $106 billion number we were talking about in the break. this is a lot of money. so $106 billion. these are rules that are still being written that were supposed to go into place sometime this year. this as the laws not already on the books, this is what is coming. tell us about that. >> correct. for example, there are 25 economically significant regulation at the white house now, that is regulations with a economic impact of $100 million or more. some are rules under the affordable care act, menu labeling rules, rules for ve
piece of civil rights legislation ever passed by congress. >> thank you. much for your testimony and for your hard work in litigating what i know is complex and difficult cases. inclosing if i might mr. chairman i would say i am too and passionate about showing the voting rights act remains alive and relevant. and that the ugly history that led to the voting rights act in the pre-clearance requirements there's evidence and you cite the texas case to suggest these are still valid concerns and they require strong federal legislative action to ensure access to the polls that a safe and fair and open electoral system remains a part or is a part, becomes a part of america's electoral future because our history suggests that in the absence of the determination and rigor. thanks for your testimony. >> what we ask representative cobb-hunter the following question and ii do know the answer but i want to hear your response. what is the big deal? if i am a writer on an airplane i have to show an ied and if i want to rent a car i have to show and all ied and sometimes to go to a presidential
based on congress -- i don't know, but thank you for the commentary. have a great new year. >> thank you, gerri. gerri: we will be right back with my "two cents more" and my "two cents more" and my answers the question of the day. how much did you spend this christmas season? stay with us. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. d all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. gerri: did you spend more, less or about the same this holiday season? here is how you voted on gerriwillis.com. most of you said less. i did too. last week we told you about the top five gifts not give men or women as christmas including clothes and ways to monitor your weight, but it ended up being the recipient of one of those gifts, y
jerry nadler of new york, thank you so much for being on the program. we appreciate it. >> thank you. >>> now to what congress will do the rest of this week, including the cliff negotiations. i'm joined by jonathan weissman of the new york times, great reporter, my colleague on the hill, thank you so much for being here. back to the cliff and guns on nadler, sherman was here saying there is some talk amongst leadership, but i keep beating this like a drum, doesn't seem to be any urgency on capitol hill. >> i was talking to some senators this morning, when are you going to get back into town? oh, you know, maybe tomorrow night we'll kind of come in. president obama will be coming in tomorrow night. doesn't seem the level of urgency that you would think, given that in five, six days these things are going to hit. and i think it's because they really -- i think there's a sense now that if this deal gets done, it gets done in the new year. it's not going to get done in the next four or five days. >> is it correct to say the prevailing idea amongst republicans is, look, why don't we just
by then, nearly 100 new members of congress woulden heart the problem. >> thank you. starbucks ceo is pushing federal lawmakers to resolve the fiscal cliff. he ask asking workers at all 120 washington stores to write come together on every cup they hand to customers thursday and friday. he said he wants to send a message to lawmakers to find common ground and fix the issue. they will also take out ads in the post and new york times with the same message. >>> oil prices started eing up after the president announced he would return from vacation early to work on the fiscal cliff. oil ensiles for almost $91 a barrel. that's up nearly two dollars barrel. >> japan's new prime minister has just been confirmed. he is the 7th in six years. it's not the first time he has held the title. >> reporter: a remarkable come back is now complete here in japan. elect on wednesday, follows his party's landslide win in general elections earlier this month. he has now taken the reigns and revealed his cabinet revealing the former prime minister who will be deputy prime minister and finance minister. a
networking. she served on president obama technology working group and delivered its group to congress and youth safety on the internet and you can read her plug. how's that for a plug? >> thank you very much. our parents guide is free and can be distributed at schools or parent nights or whatever, so we're happy to make them available to you at connect safety .org so a little bit more of the big picture. this is amazing panel of people who have resources and campaigns that can support and reinforce your fine work. so i am glad you stayedand we learned about bullying and preventions and solutions and just to reinforce getting the accurate picture bullying is a serious problem but it's not an epidemic. it's not on the rise. daift finkelhorn and director of the research center university of new hampshire and reviewed studies and bullying among youth is actually down in recent years. his colleague have actually stopped using the term of "bullying" and refer to peer aggression and i can go into definitions but i won't bore you. a subset of bullying is also not on the rise and based
. a member of the budget committee and outspoken voice on the left side of the aisle. thanks for joining me. good morning. >> mire pleasure. >> we were saying a lack of urgency in washington to deal with the fiscal cliff and being a member of congress especially a respected member of the senate and what do you think is possible at this point on any type of a large scale deal. what do you see as the most likely scenario moving forward. >> i don't think it's a lack of urgency, but a great deal of concern that republican party failed to do anything. it seems that in the house, boehner has no control over his extreme right wing faction. i think the american people are very clear about what they want. what they want is to ask the wealthiest people in the country to pay their fair share of taxes. there was a poll out the other day, 70% of the american people think folks making over $250,000 a year should pay their fair share. they understand that one out of four corporations are paying nothing. the american people are very, very clear throughout this election and in polling as well. do not cut so
it is not all that rare. kelly? kelly: jamie, thanks. right now president obama is cutting his vacation short to head back to washington and jump-start the fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key here, kelly, is the senate. we have been so focused on the house, speaker boehner, plan. about,
of assault weapons on the first day of the new congress in january. jim, that's expected to trigger unother flurry of gun buying. >> chip reid in washington, thank you. police in newtown got a break today. officers from nearby communities worked the shifts there so that the newtown p.d. could have ingsstmas off. it's been 11 days since the shootings. tiny christmas stockings with the names of the victims are hanging near sandy hook t allntary. a candlelight vigil is scheduled to last all day today. h6 candles-- one for each victim shot at the school. volunteers are taking three-hour shifts to make sure the flames don't go out. ye're now one week away from the so-called fiscal cliff. heven days for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, ha
.7 million loans heading toward for closure. you have to say, is this the way to go? congress has to take this on. david: socializing losses. >> that's right. sure. shibani: thanks very much, liz. david: coming up right here, china is feeling the need for speed. find out about the record breaking high-speed rail line this thing is enormous. literally goes from one coast to the other. we'll tell you how that is working out coming next.
. we are better than this as a country. we are better than this as a congress. and the american people have a right to expect better than this. >> we thank c-span and other media for being here. >> i just want to follow up on the healthcare savings you mentioned as part of something that should be part of a debt reduction deal. you spoke generally about supporting the 400 billion that the president has proposed and you talked about driving savings from the people that are spending the most amount of money in the medicare system. would those changes you were talk about to drive the savings you think are there, would that require new legislation or amending the health reform law? first of all, savings to reach 400 billion or 500 billion would have to come from more than just that pot. where could you begin to get additional savings and the first place i would go is allow medicare to negotiate with drug companies in the same way medicaid does. that can save $140 billion right there. if medicare could get the same prices that medicaid gets that veterans healthcare is able to get. so what i
possible to get through congress? we don't know the answer to that. >> thank you, brianna keilar. >>> police are investigating whether nbc's david gregory violated d.c. gun laws when he displayed what he described as a 30-round magazine during a "meet the press" interview. >> here is a magazine that carries 30 bullets. isn't it possible that we got rid of ese and said you can only have a magazine that carries five bullets or ten bullets, isn't it possible we could reduce the carnage? >> i don't believe that will make one difference. >> we don't know if that was authentic or a prop, but having a large-capacity ammunition device like a magazine is illegal in washington, d.c. if it holds more than ten rounds of ammunition, whether or not it's attached to a firearm. >>> los angeles, pushing up its gun buyback, in light of the newtown massacre it was originally set for next may. instead, it's happening today. mayor vil the mayor called it actin activ way to stop gun violence. >>> animal rights activists are asking syracuse elements will be bann banned. the government has promised to b
is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling, bill. >> thanks very much for the breaking news. we'll keep monitoring the situation. thanks, john harwood. a look now at financial sector and whether or not you should put your money in the banks. >> 12 months ago there was a lot of buzz about the regionals, but now it's the big banks that have done really, really well. we have the president and ceo at bell rock capital and jeffrey hart. welcome back. >> cassandra, how did we get that wrong, those saying was not a good environment for about the banks, 2012, low interest rates, you know, the low loan demand but yet the banks have done so well this year. why? >> well, it's time. time has been on banks' side. it took time for the real estate market to bottom and start to inch back up, and it took time for them to rebuild their capital positions and to let some of these problem loans work themselves out. that's still going on. not only did 2012 help but i think 2013 will be even better for the
, that is lot. could they end up in fannie and freddie, remains to be seen. congress still has to weigh in. they may not go for it. tracy: let markets work it out, lizzie mack. thank you. retailers, manufacturers and farmers are bracing for possible strike. lori: no way. tracy: right. that could shut down ports from boston to houston. 15,000 dock workers are preparing to strike after this weekend. after contract negotiations between international longshoremen's union and shippers broke down. groups are calling on president obama to step in, believe it or not to avoid billions in losses. they're citing a 2002 lockout at west coast ports, at west coast ports that caused the economy one billion dollars a day. this is after a push by federal mediators, the two sides agreed to come to the table again. no word when those talks are scheduled. the only up shot to the whole thing, lori, the big shipping season is over. lori: that is one of the mitigating factors. tracy: it might not be as damaging to the economy. we're talking about royalty fees here. lori: we're talking about royalty fees. a union
, ranking member smith, i am grateful for the efforts of congress and this community for continued to shine a light on this important issue. it is a con and crowded with security challenges. -- a continent crowded with security challenges. thank you for the opportunity to discuss this important issue with you today and i look forward to your questions. >> thank you very much, secretary carson. mr. chairman, ranking member smith, members of the committee, thank you very much for the invitation to testify today on the crisis unfolding in the eastern democratic republic of the condo, also referred to as the drc. the security and humanitarian situation of the drc is the most volatile and pilots in africa today. an estimated 5 million people have lost their lives since 1998 and millions more have been uprooted in its place. the current crisis is simply the latest iteration. the rapid fall of goma last month to the condoleezza rebel group known as the m23 provided a stark reminder -- to the condoleezza rebel group. -- congolese rebel group. at the highest levels of united states government, we ar
appreciate all of your time. >> thank you. >>> next, a not so merry cliff-mas for retailers or wall street. how the stalled negotiations are already impacting this economy. >>> and a big question to you, are you optimistic that congress can reach a post-christmas fiscal cliff deal? tweet me. find me on facebook. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because
years. so these are significant changes in law about to occur absent action by the congress and by the president. first of all, thank you, bob for that kind introduction. thanks for being so persist nt. i'm glad to have the chance now to come. in reflecting for my fair well address in the senate, i thought back to what motivated me to run for the united states senate. about 48 years ago i came to washington as a 16-year-old, sat in the gallery and watched a debate occur on civil rights. and i thought at the time some day i'd like to do that. i'd like to represent my state and i'd like to debate the great issues of the day. and after that trip i went home and i wrote on the back of an informal that i would run for the united states senate in 1986 or 1988 and i ran in 1986 and won what was considered to be the biggest political up senate north dakota history. so that is the power of a plan. and clearly our country now needs a plan. we need a fiscal plan. we need a plan that is going to bring us back from the brink because most economist tell us on our current course over the n
, another law passed by congress could change it. >> good to see you, john. thanks for the update. >> mastercard spending pulse saying it's the lowest level of 2008. high end is one of the areas getting hit hard. tom is managing director at the tellsee advisory group. good to have you with us. explain what the geography is. already sales in the mid-atlantic and northeast were weak. and then luxury is strongest in the new york area. some estimates say that's about 20% of that category sales in the new york area. what do you account for the weakness, particularly in new york? is it cliff fears at this point? >> melissa, i definitely do think that the cliff fears are impacting the consumer. i think we found the luxury consumer historically it's highly correlated to personal wealth in terms of the stock market, in terms of value of your home. clearly i think people are wor worried about higher taxes across the board. >> do you think it's higher taxes or prospect of lower bonuses? >> i think both. eccentric, bodes to spending here in the northeast. as long as the economy holds up in te
. >> especially at this time of year. thank you so much. we turn now to political turbulence, and the fiscal cliff gets closer. congress now has six days to make a deal. they'll be back on capitol hill tomorrow, and chip reid is in washington. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid is believed to be crafting a plan of his own. it's expected to extend bush-era tax cuts. it would also include
the rich pay a dime more. that's something wrong with the picture. >> thank you so much for your time today. >> thank you. >> bring back our journalists that are with us. david and meredith. david, what is your thought of what the congress said there? >> he makes a good point there. the pressure of the left. obama won a re-election and he learned that when he tried to negotiate in good faith with boehner and sort of move toward the middle and give concessions, criticized pretty sharply before maybe going too quickly to do that. i think he'll stand up longer this time. i don't think he's going to go lower. republicans of course want equal amount of spending cuts and the goal, the catch and how they do that. the president wants them to come forward with a plan. what do you want to cut? put it on paper. we'll see if that happens. won't happen in the next few days. i think again talking about more of a temporary measure. >> political fallout and as you heard congressman cummings there, meredith, he seems to think it will be -- fault aimed toward the republicans and won't it hurt both sides at t
. thank you very much for joining us from mastercard advisers. >> terrific. thank you. >>> the u.s. economy is hanging in the balance with just five days left for congress to come up with a deal to avert the fiscal cliff. let's get to our senior economic reporter, steve leesman, with his predictions for the economy in 2013. >> reporter: >>> trying to figure out what's going to happen in 2013 depends on one very important development -- whether the u.s. goes over the fiscal cliff in a few days' time, and for how long. if it's avoided, there's considerable upside for the economy. we could see at least one and maybe two quarters of growth above 3%. the kind of growth that would put people back to work and lower the unemployment rate. why? because business has been holding back investment amid the uncertainty. unleashing business spending would add to the growth from the nascent rebound in housing and from the consumer who has hung in there despite tough times. in fact, we could see unemployment drop below 7%. although it might first rise, more work into the work force who have been
blackwell. thanks for being with me. up next, "the situation room" with joe johns. >>> happening now, time running out and pressure is mounting. can the white house and congress keep the country from going off the fiscal cliff? >>> a dangerous winter storm roaring across the eastern half of the u.s. bringing blizzard conditions and travel nightmares. plus, the nra's controversial proposal to put armed volunteers in every school, we'll go in-depth with the man in charge of the national school shield program. i'm joe johns. you're in "the situation room." the u.s. is now just six days away from the so-called fiscal cliff. and a mad scramble is on here in washington to avoid the drastic tax hikes and spending cuts that many fear will plunge the economy back into recession. president obama flies back from hawaii tonight to be ready if the senate comes back with a plan when it returns to work tomorrow. and house leaders are huddling with members on stand-by to return. senior congressional correspondent dana bash is following all of it for us. what are you hearing? >> there was a conference call
of congress, if we go off the fiscal cliff and then go to all these shenanigans to patch something together. >> ken walsh, chief white house correspondent dante for u.s. news and world report. >> thank you. >> one year since a tragic christmas fire that captured the nation's attention. now, a shattered mother is speaking about the fire that killed her mother, her father and three daughters. her story, one year later, is next. [ male announcer ] this is sheldo whose long day setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. back to the news. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! one police officer who survived the apparent shooting ambush in upstate new york wishes he could have done more to help the volunteer firefighters who ultimately died. it happened christmas eve. police say a gunman apparently set a fire as a trap to lure first res
. thank you. appreciate it, alexandria. >>> six days is how long congress has to make a deal to keep your taxes going up. by how much we're going to tell you after the break. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. >>> president obama is heading back from his holiday vacation in hawaii early in case there is a last-minute deal. the senate returns from christmas break tomorrow. house leaders say they're prepared to call members back if there is an agreement. joining us to talk about this is john avalon. he's a senior political columnist for "newsweek" and "the daily beast." we're here again. it's like groundhog day. we don't think there's going to be any kind of grand bargain at this point. what are the short-term measures? what's the best thing to hope for in the next six days? >> the best thing we can hope for is they get back to work again, suzanne. from all reports leadership isn't e
to leave it there. thank you, guys. >> thanks, eric. >> head of all those returns, numbers are out. did christmas shoppers leave retailers down and out? .. >>> the nation's fear of falling is growing. a new poll shows nearly half the nation thinks congress and the president will be unable to reach a deal meaning major tax changes for every american. molly, you broke it down. do it one more time. >> taxes going up for almost everyone immediately if we go over the fiscal cliff and it will take a toll on family budgets. the numbers from the tax policy center, for those whose taxes go up, this is the average hit on top of what they already pay. below $10,000, they pay an average of $300 more. down the chart, between 40 and 50,000, they'll pay an extra $1,700. the next set of numbers. 50 to $75,000, they'll have to find an extra $2,300 to send to washington. if you manage to make over $200,000, you send a check to uncle sam for about $14,000 additionally. the highest wage earners, $500,000 to a million, they'll pay an average of $34,000 more. over a million, the i.r.s. will want you to send
personally responsible lives. most very liberal members of congress to as well. that's how they got there. host: our guest has been peter morici, economics professor at the university maryland. thanks for your information. guest: always nice to visit. host: we're halfway through its wednesday edition of the washington journal. it is december 26. coming up after a short break we will focus on the afghanistan exit strategy with author douglas waissing. he will also talk about his book. later, m.i.t. tech quality review editor in chief jason pontin, a cover story focusing on why we are not solving the problems. we will be right back. >> ♪ [video clip] >> i enjoy that it is straightforward, comprehensive, you can really sense what is happening without someone else interjecting, a pundit. that i appreciate about c-span, a great resource for anyone looking to become more familiar with how government works and the ins and outs of capitol hill. >> unduly watches c-span on verizon. c-span, created by america's cable companies in 1979. brought to you as a public service by your television provide
: psychology of the markets, it is a real thing. thank you, larry. federal wind subsidies are set to expire at the end of this year. if congress renews them, it is going to cost taxpayers 12 billion dollars. that's next year say alone. if you want an idea of what another year of wind subsidies looks like, just go to california. they bet big on wind and well let's let our next guest tell you how it went down, from front line strategies. the investments in wind power in california, how did it turn out? >> so far it hasn't proven to be the panacea that i think governor brown and the california legislature had predicted. last year as a matter of fact i think we created about 3,000 jobs in green energy, that's total. that's all renewables. and at the pace that jerry brown promised, 500,000 new jobs over the next 10 years, it will take him 167 years to actually make good on that promise. david: by the way, the "wall street journal" looked at the government's figures, the federal government's figures about how many jobs were supposedly created by wind power, by a 4 billion dollars wind power proje
and whether congress goes along remains to be seen. dennis: liz macdonald. liz: millions of netflix customers were out for the count on christmas eve, thanks to technical problems from service provider amazon. it started at 3:30 in the afternoon on the east coast and prevent users from streaming videos from a number of devices, the play station, the list goes on and on. the problem was resolved for all customers by yesterday morning and netflix has said it is currently investigating the cause of the disruption. netflix uses amazon's web services to host most of its data. that we to companies happen to be going head to head as competitors when it comes to streaming videos leading many people to wonder could the end been here for these two in a partnership? amazon has ditto streaming servers and netflix doing the same thing. dennis: the biggest video service in the world would arrive on arch rival amazon like pepsi asking coca-cola to fill -- shibani: there are not many alternatives out there. may push some to do that. dennis: netflix flow of money on a program to keep other costs down. the pre
congress, it is going to require democratic and republican votes, so at some point, they all have to be talking and that still isn't happening at this point. >> briannna, thanks. seems like they should go to hawaii, sit on a beach and cool off. i guess you're coming back to d.c., thanks a lot. >> reporter: i am, thanks. >> that's the solution. that's the solution. >> could be. >>> nine minutes after the hour. other top stories we're learning more this morning about that sniper who killed two volunteer firefighters on christmas eve morning. according to police 62-year-old william spangler left behind a note "i still have to get ready to see how much of the neighborhood i can burn down and do what i like doing best, killing people." early monday morning spengel sent fire to his fire and began shooting at firefighters as they arrived on the scene. he killed himself after shooting four firefighters, killing two of them christmas eve. the town of webster, new york, is paying tribute to the victims at a memorial service and that happened last night. >>> syria's military police chief has
hall, of texas who became the oldest serving house member of all time. he came to congress in 1981 as a democrat, but became a republican in 2004. finally, 110,000. that's how many people called norad to find out where santa was. they say that broke last year's record. clayton? >> clayton: thanks. did you get a handful of gift cards you can't use or gifts you don't want this christmas? you're not alone. today is the day to turn the unwanted gift cards into cash. consumer savings expert is here with great tips this morning. good to see you. hope you had a great christmas. >> i did, thank you. >> clayton: let's dive in here. number one, you say register your gift cards. >> right. it's really important to go on-line and register that gift card so that if it gets lost or stolen, that you can recover it. you can go on-line to the retailer's web site, or you can also actually register it at creditcard.com. they have a yourwallet recovery tool which will alert you and give you tips on how to recover that gift card if it gets lost or stolen. oftentimes you can bring the receipt to the reta
forecast is exactly why i came back. thank you. >> reporter: the united states is less than a week away from going over the so-called fiscal cliff. they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the first place. we stop borrowing money from the future to prop us up now. we have the immediate problems but in the long term we are in gets shape. that's what they are grappling this. how do they best structure this to do the least amount of damage now but get us to the good economy in the future. >> reporter: if you look up a research paper from the president's own economist you'll find in the long run we are healthier, short run, yeah, it's painful. is that what motivates some of the republicans that, you know, what are called chuckle heads, but maybe in the end they are
that this had to happen to the united states. because my dad h ad 25 years in the congress. this was a very sad moment for him. as we have spent time talking, both of our parents became the healers at different times in our country under very different circumstances. thank goodness for that. >> absolutely. [applause] before we move on to the next subject matter, i want to focus on your perspective, susan, about the iconic moment where nixon is flying off and you all are standing, watching. what was living that moment behind your eyes like? what were you thinking? >> my brothers and i were not standing and watching it. we were in the white house kept in a room. it was my parents locking them out. -- walking them out. i do not remember them in any of the pictures. it was julie, david, and my parents walking them out. my dad came into the oval office with they had moved us children. you could just see this sadness. it was almost as if you had been to a funeral and there was a death. you did not know what to say. it was a very awkward moment of what do you say. we came together as a family knowing
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